Cls Share Discussion Threads

[hybrasil] 12/12/2007 08:29

who is the destroyer?

[ntv] 11/12/2007 08:49

i hear the destroyer is short

[myopia] 10/12/2007 20:10

another good point - re the shard i mean - cos it makes up a fair chunk of their assets - about 10% if i remember rightly - could it by any chance become worthless do you think?

[extrader] 09/12/2007 19:38

My take FWIW is that the controlling Morstedt family interest plays a part : they're not particularly interested in short-term considerations (or vulnerable to short-term activist shareholder-led pressures). Most of their funding is (from memory) committed for the next few years as is the average maturity of their rent roll.... my one concern is the impact or otherwise of The Shard. Last I saw there was talk of a possible new M East investor, but I haven't been following (hey, I am in sunny California, so London seems a looong way off ;>).....

Good to see some dialogue on the board !

[myopia] 09/12/2007 17:56

good point actually - i hadn't thought of it that way - makes me more cautious now

[sscrabble] 06/12/2007 18:39

just a comment on these - looking at their balance sheet and todays share price - they are at a 50% disc to nav , but because of loan to value if their properties lost 15% of their value they would only be at a 15% discount and 20% would put them at nav.
To compare - others -
CLI - 50% - 15% - 0%
CAL - 61% - 46% - 38%
BLAND - 48% - 28% - 18%
MAY - 39% - (-34%) - (-123%)

Just my rough workings , but in the right area I think.

[ntv] 06/12/2007 17:43

dropping away again
our long positon not looking that good but only small currently anyway

[ntv] 06/12/2007 11:28

interestingly these have not responded lito the mometeum in the rest of the sector

[mikeysbeast] 08/6/2007 12:01

Big drop yesterday for no apparent reason. CLS don't seem to concerned - they bought 100,000 of their own shares yesterday on the drop.

[sammu] 26/4/2007 00:25

The discount to NAV is too big. Historic NAV at 8.24. These also tend to go up around the time of the tender offers.

Sam

[extrader] 08/3/2007 10:52

I´m a very happy holder (since early ´03 @ 200p +/- ) and surprised that this has such a low profile in the investor community....maybe the lack of dividend (as such) ? The currency exposure mix gives some useful diversification, I feel.

[mikeysbeast] 08/3/2007 07:45

Very impressive preliminary results released today

[ttg100] 08/12/2006 12:41

been looking past few weeks
added couple positions this am
for the "wrinkly fund"
GL all

[extrader] 01/12/2006 13:10

Nice write-up in today's IC, with CLS placed as the 'queen' in IC's royal flush of property co's. Below Land Secs and Brit Land.
Continental exposure (esp Germany) seen as attractive, esp in view 'UK markets looking somewhat toppy'
Rated as 'good value' at 715p

IMHO, DYOR, caveat emptor etc

[sammu] 30/9/2006 14:56

Looks like they may have to raise the price of the tender offer again, as we approach the 640p mark.

[extrader] 08/9/2006 09:43

Another set of good results from CLI....and only 11 months since the last post. I wonder whether this year's 'special div/buyback' will attract a little more interest (institutional or peeps) ?

[beta_adjusted] 17/10/2005 23:42

still here, everyone else also still on board? Arf Dysg you still there?

any ideas on recent weakness? or is it pure volatility? wondering about topping up my position, nice defensive stock with those long contracts ...

Rgs,

Beta

[ntv] 14/10/2005 22:16

long position at close

[sammu] 04/10/2005 21:06

Strange movements over the last two days. No significant volume, maybe it's the illiquidity?

Sam

[ntv] 03/10/2005 19:38

now short up here

[ntv] 21/8/2005 21:07

moving in the right direction

[freight2] 03/8/2005 11:50

bought in initially at £3.40, Added at £4.35 and again at £4.25. Seemed like a good idea, but I feel that a Yo Yo goes up and down slower!

[ntv] 03/8/2005 07:49

ad
if any queries with your number of shares purchased under tender offer i suggest your phone the company direct